Economy
Producer price index rises 8.7% in past year(The Center Square) – Producer prices shot up 8.7% in August over the previous 12 months, according to U.S. Bureau of Labor Statistics’ Producer Price Index released Wednesday. Month over… Read More
Economy
Biden touts Inflation Reduction Act, critics say student loan cancellation offsets gains(The Center Square) – President Joe Biden touted the recently passed Inflation Reduction Act during a speech Tuesday, but analysts point to the recent student debt cancellation as an “offset”… Read More
Economy
Critics blast Biden over rising prices(The Center Square) – New inflation data released Tuesday showed that prices rose more than expected in the month of August, putting more pressure on Americans, many of whom… Read More
Economy
Stocks plummet on worse-than-expected inflation news(The Center Square) – U.S. stocks plummeted Tuesday after the federal government reported another sharp rise in food and other prices in August despite falling gas prices. The S&P 500… Read More
Economy
Inflation report: Food prices continue sharp rise as gas costs drop(The Center Square) – Prices rose sharply again for food and most other items in the month of August even as gasoline prices dropped, newly released inflation data shows. The… Read More
Economy
Report: Record 63% of small businesses freeze hiring(The Center Square) – Small businesses are increasingly unwilling to hire because they can’t afford to take on new costs, according to a newly released survey. The small business network… Read More
Economy
Number of Americans citing ‘hardship’ from inflation rises, particularly among middle class(The Center Square) – The majority of Americans say inflation is causing them financial hardship, according to a new poll. While the Biden administration heralded a pause in the rise… Read More
Economy
Home sales decline, mortgage payments up 54%(The Center Square) – The National Association of Realtors released new data Wednesday reporting that mortgage payments have risen more than 50% in the last year. Read More
Economy
Feds confirm GDP decreased for two consecutive quarters this year(The Center Square) – The U.S. Gross Domestic Product decreased by 0.6% in the second quarter of this year, new data from the Bureau of Economic Analysis released Thursday shows,… Read More
Economy
Report details threat to future Illinois taxpayers posed by excessive borrowing(The Center Square) – A report shows the state of Illinois has one of the largest debt liabilities in the country. The American Legislative Exchange Council, or ALEC, released its… Read More
Economy
Americans don’t expect Inflation Reduction Act to actually reduce inflation, poll finds(The Center Square) – The majority of registered voters don’t expect the Inflation Reduction Act to actually reduce inflation, according to a new poll.A Morning Consult/Politico survey reports that… Read More
Economy
Proposed tax cut, declines in unemployment, gas prices highlight Missouri economics(The Center Square) – Missouri’s economic landscape was shaped by two data points this week and an announcement on Monday about a tax cut. Missouri’s unemployment rate of… Read More
Economy
Bipartisan group of lawmakers blast IRS for backlogs, customer service issues(The Center Square) – A bipartisan group of lawmakers are calling on the IRS to clear its backlogs and improve customer service issues. Nearly 100 members in the House and… Read More
Economy, Uncategorized
Housing affordability hits lowest point in years, trade group says(The Center Square) – The U.S. housing market is the most unaffordable that it’s been since the Great Recession, a homebuilding trade group said on Thursday. Just 42.8%… Read More
Economy
Critics: Small businesses in the crosshairs of new IRS auditing ‘army’(The Center Square) – Senate Democrats’ recently passed $740 billion health care and climate legislation has taken criticism on many fronts, but critics are raising the alarm that a major… Read More
Economy
Analysis: Inflation Reduction Act would increase taxes on nearly all Americans(The Center Square) – The Inflation Reduction Act of 2022 would increase taxes on nearly every American, despite claims made by President Biden. “When we pass the Inflation… Read More
Economy
Hundreds of Missouri governments opt out of state’s sales tax holiday(The Center Square) – Missouri consumers can get some economic relief during this weekend’s annual back-to-school sales tax holiday, but it's reduced by hundreds of cities, counties and special taxing… Read More
Economy, Education
Survey shows college students impacted by inflation(The Center Square) – A new survey shows that 1 in 4 college students have to drop classes due to high tuition rates and rising inflation. The … Read More
Economy
More Americans reported loss of pay in July(The Center Square) – New jobs data shows that a significant number of Americans saw their income shrink last month even as prices continue to rise. Morning Consult… Read More
Economy
High housing costs pressure military families(The Center Square) – High inflation rates have left veteran and military families feeling the pain. According to the U.S. Bureau of Labor Statistics’ latest federal report, consumer prices… Read More